Luko (HEC Program Alumni) acquires Unkle (Founders Program Alumni), the French specialist of insurance unpaid rent

It’s a first in STATION F’s history! Luko, a former company from HEC Program at STATION F, announced today the acquisition of Unkle, an alumni company from STATION F’s Founders Program. This comes just two months after Luko's acquisition of the German insurtech Coya and strengthens Luko’s position as the number one insurtech in Europe. This alliance will allow both companies to accelerate their growth and to offer new services.

Founded by Raphaël Vullierme (CEO) and Benoit Bourdel (CTO), Luko is reinventing home insurance for renters and homeowners alike, placing social responsibility at its core with a proactive and preventive approach. On the other hand, Unkle, founded in 2019 by Matthieu Luneau and Cédric Baulme, acts as a guarantor for the tenant to consolidate their application and help them find a home. The startup also helps landlords choose their tenants with the market's first digital rental insurance.

Unkle's rental guarantee solutions join the Luko ecosystem, which today supports people from home searching (Luko Immo), to financing (loan insurance) as well as insuring their homes while also providing them with home maintenance and repair services.Thanks to this merger, Unkle will be able to rely on Luko's expertise as a regulated insurer to integrate risk carrying. Unkle will become a separate business unit of the Luko Group and will remain managed by Matthieu Luneau and Cédric Baulme, its two co-founders. Unkle will also keep its brand, already well identified in the rent protection market. To support this growth, Unkle will recruit around 50 talents in 2022 to join its current team of 30 employees.

"With Luko, our ambition is to become the leading European player in household services, in line with our initial mission: simplifying access to housing. Luko's ability to grow very quickly, its status as a regulated insurer, combined with an ethical and transparent approach to insurance, convinced us to join the adventure. By joining them, we will be able to grow faster and transform the real estate world by offering complimentary services to our customers", explains Matthieu Luneau, co-founder & CEO at Unkle.

"Unkle has demonstrated its business model and its ability to succeed in a complex but promising market. Luko will now integrate Unkle into its ecosystem and give it all the keys to accelerate its growth. After the acquisition of our German competitor in January, this new step allows us to continue consolidating the market and strengthen our leadership in Europe", says Raphaël Vullierme, co-founder & CEO at Luko.

We are pleased to welcome Matthieu Luneau as a speaker during our next panel about fundraising on March 23. Register here.